Beerenberg reports 20% revenue growth in Q1 2024 compared to last year. The
EBITDA margin improved and ended at 9.0% in the quarter. Beerenberg reports a
high order intake in the quarter. 

1Q 2024 Financial Highlights:

·              Revenue NOK 639 million
·              EBITDA NOK 57 million
·              EBITDA margin 9.0% 
·              Order intake NOK 3.9 billion 
·              Order backlog NOK 10.6 billion

"We continue to see growth in activity for Beerenberg in Q1. During the quarter
we also landed several new contracts that will form a strong basis for the
business going forward," says CEO Arild Apelthun in Beerenberg.

The presentation will be on Teams on the 15th of May at 09:30 CET.

Link to Q1 2024 financial presentation (copy entire link below into browser):

https://bit.ly/BBERG1Q24

Investors will also find the Teams link on
www.beerenberg.com/en/investor/quarterly-results/

For further information, please contact: 

Harald Haldorsen, CFO 

Tel. +47 982 34 834 

E-mail: harhal@beerenberg.com 

About Beerenberg AS 

Beerenberg has delivered cost efficient solutions to a wide range of industrial
enterprises for 47 years. Beerenberg is one of the leading suppliers of
maintenance and modifications services on the Norwegian Continental Shelf as
well as a global provider of insulating products. The GroupŽs expertise covers
the entire life cycle of the petroleum industry from field studies and newbuilds
to maintenance, modifications, and lifetime extensions. The operational
activities are organized in Beerenberg Services and its subsidiaries.
Headquartered in Bergen, Beerenberg has offices in Stavanger and Skien in Norway
and in Poland, UK, South-Korea, Thailand, Brazil, and Singapore. 

To learn more, please visit www.beerenberg.com.